Get started

Euraudsell

The only way to be happy is by shorting the EURAUDAUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger than consensus expectations (+0.3%) at +0.9%. - Inflation came in WAY higher than the market or the RBA expected, forcing the Reserve Bank of Australia to raise rates at least 1 if not 2 more times. - The market is pricing in the fewest rate cuts for the RBA in 2024 (none at all) - due to the shaky sentiment, the AUD should not appreciate in a one-way street, but rather steadily and constantly BUT: as the old saying goes: "A good kangaroo only jumps as high as it has to." Negative: - The trade balance has weakened somewhat recently - Any risk-off episode (e.g. an escalation of the Middle East conflict) would hurt the AUD - China is increasing its fiscal packages for the economy, but so far the recovery of the Chinese economy has been rather sluggish. I don't need to say much about the sad outlook for the euro, as I have already covered this sufficiently in the previous trade ideas, whereby all my predictions have materialised -> Eurozone inflation fell to below 3% as I forecasted in July -> the ECB had to massively reduce its GDP forecasts (which are still too high) -> Germany is in a prolonged recession and will continue to be so into next year Sad for the Eurozone economybut good for my EUR shorts, these are making me very happy :)
Short
by PrimeTrading
131
EURAUD Trading Plan 28/Feb/2024Hello Traders, Hope you all are doing good!! I expect EURAUD to go Down after completing this wave. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
EURAUD I Bearish market structure and more potential downside Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
EURAUD !! Trend DOWN, SELL now⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: DOWN trend, stable trading below the EMA lines, establishing a SELL signal ⭐️ SET UP EUR / AUD PRICE: 🔥SELL zone: 1.65200 - 1.65350 SL 1.65800 TP1: 1.65000 TP2: 1.64700 TP3: 1.64300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
7 Dimension analysis For EURAUD 🕛 TOPDOWN - Bearish Continuation Setup for EUR/AUD Overview: Monthly and daily analyses reveal a prolonged bearish trend with notable liquidity sweeps. Weekly analysis is pending, focusing on the daily for detailed insights. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS). 🟢 Swing Move: Impulsive. 🟢 Inducement: None observed. 🟢 Pull Back: Absent. 🟢 Ext OB: Mitigated. 🟢 Support/Demand Area: Weak demand area - possible redistribution. 🟢 Trendline: Daily trendline intact. 🟢 Buildup/Pre-break/Post-break/QC: Data insufficient. 🟢 Traps: None detected. 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal: Head and shoulders, double top. Rounding Patterns: Double at the 2nd shoulder with strong rejection. 🟢 CANDLE PATTERNS Key Considerations: Record session count indicates a possible consolidation at this support. Strict marubozu candle could be a climactic player. Tower top/bottom indicates potential climax at the opening. 3️⃣ Volume: 🟢 Fixed Range suggests a profit booking area. 🟢 Good breakout volume. 4️⃣ Momentum RSI: 🟢 In a super bearish zone. 🟢 Range shift not confirmed. 🟢 No divergence. 🟢 Loud moves shifted from sideways to bearish. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band rejection. 🟢 Squeeze done with breakout outside the lower band. 🟢 Walking on the band just started. 🟢 Dual band derivation supported. 6️⃣ Strength According to ROC: 🟢 Values: EUR at 0.31, AUD at 4.1. AUD exhibits more strength at this level. 7️⃣ Sentiment: After comprehensive analysis, the sentiment strongly favors a sell setup in this pair. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Support level already broken with a momentum candle. ☑️ Candles Behavior: Momentum is bearish. ☑️ Trend Line Breakout: Confirmed. 💡 Decision: Sell at opening. 🚀 Entry: 1.63137 ✋ Stop Loss: 1.6551 🎯 Take Profit: Hold until price walks on the band. 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 10 days SUMMARY: The analysis strongly supports a bearish continuation setup. The absence of significant pullbacks and strong bearish momentum across multiple indicators suggests a favorable sell opportunity. Risk management is key, and the strategy involves holding until a clear indication of a trend reversal.
Short
by Optimum369
1